Categories:Investments

Paradigm mulls Honister Capital acquisition

  • Print
  • Comment

Paul Hogarth, founder of Paradigm Partners, is preparing to launch a bid for Honister Capital, reports suggest.

Paul Hogarth

Paul Hogarth

The deal could see Paradigm take control of Honister Partners, Burns-Anderson, Sage Financial Services and direct-to-consumer business Willis Owen.

A Honister spokesman says: “During the run up to the RDR it is not surprising that rumour and speculation regarding merger and acquisition activity is increasing. We are focusing on our strategy and building a strong business, not market rumour.”

Paradigm declined to comment.

According to Honister’s trading figures, the group made an operating profit of £468,000 in the six months to March 31 this year, down from £2.2m in the six months to March 31, 2010, due to profits from execution-only arm Willis Owen.

The advisory businesses, which include Burns-Anderson, Sage Financial and Honister Partners, made a combined operating loss of £710,000, compared to an operating profit of £1m in 2010. Willis Owen made an operating profit of £1.18m, down slightly from £1.2m in 2010.

 

To receive more relevant articles like this one, why not sign up to our briefings and breaking alerts by clicking here.

 

  • Print
  • Comment

Daily Email Updates

If you enjoyed this article, sign up to receive the latest breaking news and analysis for your industry from Fund Web.

The Money Marketing CPD Centre

Time spent reading about technical or regulatory issues can build your annual CPD hours. Log and plan your annual CPD for free with The Money Marketing CPD Centre.



Have your say Edit my profile/screen name

You must sign in to make a comment


Fund Data